Nam Hwa (Korea) Market Value
| 091590 Stock | KRW 3,890 25.00 0.65% |
| Symbol | Nam |
Nam Hwa 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Nam Hwa's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Nam Hwa.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Nam Hwa on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Nam Hwa Construction or generate 0.0% return on investment in Nam Hwa over 90 days. Nam Hwa is related to or competes with Digital Power, Seoul Electronics, Bookook Steel, Lotte Data, Sejong Telecom, Dong A, and Korea Computer. ,Ltd engages in the general construction business in South Korea More
Nam Hwa Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Nam Hwa's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Nam Hwa Construction upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0458 | |||
| Maximum Drawdown | 7.76 | |||
| Value At Risk | (3.44) | |||
| Potential Upside | 2.81 |
Nam Hwa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nam Hwa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nam Hwa's standard deviation. In reality, there are many statistical measures that can use Nam Hwa historical prices to predict the future Nam Hwa's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | 0.0207 | |||
| Total Risk Alpha | 0.1836 | |||
| Treynor Ratio | (0.07) |
Nam Hwa Construction Backtested Returns
Nam Hwa Construction has Sharpe Ratio of -0.065, which conveys that the firm had a -0.065 % return per unit of risk over the last 3 months. Nam Hwa exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nam Hwa's Mean Deviation of 1.24, risk adjusted performance of (0.01), and Standard Deviation of 1.71 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.47, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nam Hwa's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nam Hwa is expected to be smaller as well. At this point, Nam Hwa Construction has a negative expected return of -0.1%. Please make sure to verify Nam Hwa's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Nam Hwa Construction performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.34 |
Poor reverse predictability
Nam Hwa Construction has poor reverse predictability. Overlapping area represents the amount of predictability between Nam Hwa time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Nam Hwa Construction price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Nam Hwa price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 9065.29 |
Nam Hwa Construction lagged returns against current returns
Autocorrelation, which is Nam Hwa stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Nam Hwa's stock expected returns. We can calculate the autocorrelation of Nam Hwa returns to help us make a trade decision. For example, suppose you find that Nam Hwa has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Nam Hwa regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Nam Hwa stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nam Hwa stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nam Hwa stock over time.
Current vs Lagged Prices |
| Timeline |
Nam Hwa Lagged Returns
When evaluating Nam Hwa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nam Hwa stock have on its future price. Nam Hwa autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Nam Hwa autocorrelation shows the relationship between Nam Hwa stock current value and its past values and can show if there is a momentum factor associated with investing in Nam Hwa Construction.
Regressed Prices |
| Timeline |
Pair Trading with Nam Hwa
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nam Hwa position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nam Hwa will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Nam Hwa could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nam Hwa when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nam Hwa - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nam Hwa Construction to buy it.
The correlation of Nam Hwa is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nam Hwa moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nam Hwa Construction moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Nam Hwa can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Nam Stock
Nam Hwa financial ratios help investors to determine whether Nam Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Nam with respect to the benefits of owning Nam Hwa security.